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Does happiness adapt? : a longitudinal study of disability with implications for economists and judges
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Oswald, Andrew J. and Powdthavee, Nattavudh (2008) Does happiness adapt? : a longitudinal study of disability with implications for economists and judges. Journal of Public Economics, Vol.92 (No.5/6). pp. 1061-1077. doi:10.1016/j.jpubeco.2008.01.002 ISSN 0047-2727.
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Official URL: http://dx.doi.org/10.1016/j.jpubeco.2008.01.002 ...
Abstract
This paper is an empirical study of partial hedonic adaptation. It provides longitudinal evidence that people who become disabled go on to exhibit considerable recovery in mental well-being. In fixed-effects equations we estimate the degree of hedonic adaptation at — depending on the severity of the disability — approximately 30% to 50%. Our calculations should be viewed as illustrative; more research, on other data sets, is needed. Nevertheless, we discuss potential implications of our results for economists and the courts.
Item Type: | Journal Article | ||||
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Subjects: | H Social Sciences > HC Economic History and Conditions | ||||
Divisions: | Faculty of Social Sciences > Economics | ||||
Library of Congress Subject Headings (LCSH): | People with disabilities, Adaptability (Psychology), Happiness, Hedonic damages | ||||
Journal or Publication Title: | Journal of Public Economics | ||||
Publisher: | Elsevier | ||||
ISSN: | 0047-2727 | ||||
Official Date: | 7 January 2008 | ||||
Dates: |
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Volume: | Vol.92 | ||||
Number: | No.5/6 | ||||
Page Range: | pp. 1061-1077 | ||||
DOI: | 10.1016/j.jpubeco.2008.01.002 | ||||
Status: | Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) |
Data sourced from Thomson Reuters' Web of Knowledge
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